$VELODROME Long Liquidation Alert

💰 Liquidation Value: $9,845.9K

💰 Liquidation Price: $0.20516

What’s Happening?

A long liquidation signals that buyers are closing their positions as prices fall. This results in selling pressure, creating a prime opportunity for traders to take advantage of the bearish trend.

Trade Details

➡️ Sell/Short Zone: $0.2050 - $0.2060 (ideal entry point near liquidation level)

➡️ Ask for Now: $0.20516

➡️ Target (Take Profit):

First Target: $0.1900 (short-term support level)

Second Target: $0.1750 (strong psychological support)

➡️ Stop Loss: Above $0.2150 (to manage risk if the trend reverses)

What’s Next?

Bearish Momentum: The liquidation at this level suggests increased selling pressure.

If the price continues to fall, $VELODROME could drop to $0.1900 and potentially as low as $0.1750.

Volume Check: Pay attention to trading volume around $0.2050 - $0.2060 to confirm the bearish trend.

Reversal Risk: A push above $0.2150 could signal that the bears have lost control, and a bullish reversal might be in play.

Pro Tips for Success

📉 Stick to Your Plan: Enter within the suggested zone and stay focused on your targets for a smooth trade.

🛡️ Protect Profits: As the price approaches your first target, consider moving your stop-loss to break-even or lower to protect profits.

⚡ Market Trends: Monitor any news or market changes that could impact the overall trend of $VELODROME.

📉 Trade strategically, ride the bearish wave, and seize the opportunity in $VELODROME!

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